Islamic Development Bank meeting begins in Jeddah

June 2, 2008

Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz attended the
opening of the 33rd annual meeting of the Council of Governors of the Islamic
Development Bank (IDB) Group in
Jeddah.

The two-day meeting is being attended by ministers of finance, economy and
planning of the 56 Organization of the Islamic Conference (OIC) member
nations.

Headquartered in Jeddah, the IDB participates in equity capital and grant
loans for productive projects and enterprises and provides financial assistance
to member countries in other forms for economic and social development. It aims
to foster the economic development and social progress of member countries and
Muslim communities individually as well as jointly in accordance with the
principles of Shari’ah.